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Top News & Analysis Texas

  • Arkema president: We didn't anticipate having six feet of water in our plant

    Arkema President Richard Rennard speaks to the press about the state of the Arkema plant in Crosby, Texas.

  • Arkema president: We've established 1.5 mile evacuation zone

    Arkema President Richard Rennard speaks to the press about the state of the Arkema plant in Crosby, Texas.

  • WASHINGTON, Aug 31- Contracts to buy previously owned homes unexpectedly fell in July, the fourth decrease in five months as the housing market continues to struggle with a shortage of properties coming up for sale. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed last month, declined 0.8 percent to a...

  • Arkema president: Floods compromised our protection systems

    Richard Rennard, Arkema president provides an update on the fire at its chemical plant.

  • *Europe, Asia traders rush to reroute cargoes to Americas. HOUSTON/ NEW YORK, Aug 31- Tropical Storm Harvey's impact on the energy industry spread worldwide as flooded U.S. refiners and closed fuel pipelines threatened to squeeze national supply, roiling global fuel markets and rerouting millions of barrels of fuel to the Americas to avert shortages.

  • WASHINGTON, Aug 31- The U.S. Energy Department said on Thursday it would release 500,000 barrels of crude oil from the Strategic Petroleum Reserve as Tropical Storm Harvey's disruption of the petroleum industry has spiked motor fuel prices. Harvey shut down about a quarter of the country's refining output after it lashed Houston with record floods before it...

  • LAKE CHARLES, La./ HOUSTON, Aug 31- The remnants of Tropical Storm Harvey drenched northern Louisiana on Thursday as it moved inland, leaving rescuers to search homes around Houston and in the hard-hit southeastern Texas coast for more survivors or victims. Some 32,000 people were forced into shelters around the U.S. energy hub of Houston since Harvey came ashore...

  • WASHINGTON/ AUSTIN, Texas Aug 31- Two explosions hit the flood-swamped Arkema SA chemical plant 25 miles northeast of Houston early on Thursday, and a sheriff's deputy was taken to a hospital after inhaling fumes, the French company said. Black smoke was billowing from the site, Harris County Sheriff Ed Gonzalez told reporters at a televised news briefing.

  • A police officer lays down a safety flare while blocking the road leading to the Arkema SA plant which was hit by floods caused Tropical Storm Harvey near Crosby, Texas, August 31, 2017.

    Explosions and fires are expected to continue for days at the flooded-out Arkema chemical plant, Texas congressman Ted Poe says.

  • WASHINGTON, Aug 31- The U.S. Energy Department said on Thursday it would release 500,000 barrels of crude oil from the Strategic Petroleum Reserve as Tropical Storm Harvey's disruption of the petroleum industry has spiked motor fuel prices. The Energy Department "will continue to provide assistance as deemed necessary, and will continue to review incoming...

  • Flooding sparks fire at Arkema chemical plant

    CNBC's Scott Cohn reports the latest news on the fire at a chemical plant in Crosby, Texas

  • WASHINGTON, Aug 31- The U.S. Energy Department said on Thursday it would release 500,000 barrels of crude oil from the Strategic Petroleum Reserve as Tropical Storm Harvey's disruption of the petroleum industry has sent fuel prices soaring. Harvey shut about a quarter of the country's refining output after it hit Houston with record floods before it spread to...

  • LAKE CHARLES, La./ CROSBY, Texas, Aug 31- The remnants of Tropical Storm Harvey drenched northern Louisiana on Thursday as it moved inland, leaving behind record flooding that paralyzed the U.S. energy hub of Houston, killed at least 35 people and drove tens of thousands from their homes. Two explosions were reported at a flood-hit chemical plant in Crosby, Texas, 30...

  • People walk down a flooded street as they evacuate their homes after the area was flooded from Hurricane Harvey on August 27, 2017 in Houston, Texas.

    Hurricane Harvey is a reminder that flooding can happen wherever large rainstorms stall over an area, says Nina Lam in The Conversation.

  • May be more explosions at Arkema plant: Rep. Ted Poe

    Rep. Ted Poe (R-Texas) provides an update on the Arkema chemical plant in Crosby, Texas, and weighs in on the role of government in the recovery process after Hurricane Harvey.

  • CHICAGO, Aug 30- Chicago fuel distributor Olson Service Company snapped up gasoline this week to pre-empt a potential supply crunch in the third-most populous U.S. city as fuel supplies dry up from Texas because of Tropical Storm Harvey. On Tuesday, a major fuel artery from the Gulf Coast to Chicago shut down because there was no fuel to pump through it.

  • WASHINGTON, Aug 31- The number of Americans filing for unemployment benefits rose slightly last week, pointing to sustained labor market strength that should continue to support the economy. Initial claims for state unemployment benefits increased by 1,000 to a seasonally adjusted 236,000 for the week ended Aug. 26, the Labor Department said on Thursday.

  • *U.S. gasoline at two-year high above $2 a gallon. But prices rallied in the oil products markets, with U.S. gasoline futures hitting a two-year high above $2 a gallon, buoyed by fears of a fuel shortage just days ahead of the Labor Day weekend that typically sees a surge in driving. Traders from Europe to Asia were scrambling to fix fuel cargoes to the United States,...

  • The sun sets on downtown as flood waters still surround some neighborhoods in Houston, TX on Wednesday, Aug 30, 2017.

    Arkema shares fell sharply on Thursday after two explosions were reported at its flood-hit chemical plant in Crosby, Texas.

  • Explosions, fire at flood-hit Arkema plant in Texas, threat of further blasts remains

    The company said it was notified at approximately 2 a.m., by the Harris County Emergency Operations Center of two explosions and black smoke.